The global semiconductor industry is poised for unprecedented growth. The challenge is that not all of the pieces are aligned to support this growth.
According to a new report published by Deloitte that focuses on the global semiconductor industry, the industry is expected to reach a market value of $600 billion this year. But, the industry could be closer to other critical industries such as oil and gas that are valued in the trillion-dollar territory if stakeholders could solve shortage issues.
In fact, Deloitte noted in their report that based on their analysis, the chip shortage during the pandemic over the past two years resulted in missed revenue of approximately $500 billion across the world.
Deloitte said it well: “The absence of a single critical chip, often costing less than a dollar, can prevent the sale of a device worth tens of thousands of dollars.” Indeed, a lack of infrastructure to support semi production can add up very quickly.
What can companies do to close this production gap so that the semiconductor industry can realize its full growth potential? Companies need to pursue strategic solutions to support semiconductor growth.
Now is the Time to Act to Address Semiconductor Shortages
Our view is that it will take a collective effort from multiple stakeholders to fully address the global production shortage. That’s why AM Technical Solutions (AM) is developing a strategic solution for the semi industry that will accelerate the production capabilities of our customers at existing and new facilities.
As a global high-tech construction company that has been in business for nearly 30 years, we have the expertise, resources, and capabilities to create value for semi companies. Our experts understand the market and know how to address challenges associated with the design and construction of semiconductor facilities.
One of the primary global challenges that we see is misaligned incentives around semiconductor facility expansion and production. Many companies are incentivized by international governments to build facilities overseas, but these facilities are often inadequate to support necessary production.
We understand that investing in new or updated semiconductor facilities that can handle required production levels requires a significant capital investment, though. That’s why we are introducing a solution that will help semi companies generate a positive ROI on their investment while meeting production needs.
Our proven processes, dynamic capabilities, and deep industry relationships allow us to pull together globally-integrated teams that deliver projects right the first time. This way, you will realize a reduction in facility production costs, satisfy necessary timelines, and maximize time to production.
“We look forward to soon introducing our strategic solution for the semiconductor industry that will help close gaps in semi production,” says Sandeep Davé, Chief Business Officer. “We are confident that our efforts – along with the efforts of other stakeholders in the industry – will enable our customers to maximize revenue opportunities and help the overall industry realize its full growth potential.”
– Find out more about our capabilities to deliver high-tech construction projects for semiconductor facilities.
– View our portfolio of award-winning high-tech construction projects in the semiconductor industry.
– Interested in learning more about the development of our solution to support semiconductor growth? Contact us today to schedule a consultation with our team of experts.